“Overall U.S. crude production rose last week to 11.5 million barrels per day, according to latest U.S. Energy Department figures, inching closer to its peak of about 13 million bpd before the coronavirus pandemic hit last year. More than 70% of U.S. output comes from shale production.”

-Liz Hampton and Sabrina Valle, reporters for Reuters. U.S. shale oil production is anticipated to increase as prices rise. [Reuters]